SEC Form 4 · accession 0001680798-16-000011
LEAF GROUP LTD. · LEAF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dion Camp-Sanders
Officer — EVP, Marketplaces
Period of report
Aug 2, 2016
Accepted (ET)
Aug 4, 2016 · 6:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001365038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.0001 par valueF1,F2 | Aug 2, 2016 | A | 50,000 | $0.00 | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $5.82 | Aug 2, 2016 | A | 50,000 | A | — | Aug 2, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1In connection with Mr. Sanders appointment as EVP, Marketplaces of the Company, Mr. Sanders was granted 50,000 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Sanders' continued employment through the applicable vesting date, approximately one-third (1/3) of the RSUs will vest on August 15, 2017 and the remaining RSUs vest will vest in eight (8) substantially equal installments on each three-month anniversary thereafter.
- F2Includes 50,000 unvested RSUs.
- F3In connection with his appointment as EVP, Marketplaces of the Company, Mr. Sanders was granted a nonqualified stock option covering 50,000 shares of the Company's common stock. Subject to Mr. Sanders' continued employment through the applicable vesting date, one fourth (1/4) of the shares subject to this stock option will vest and become exercisable on August 1, 2017 and an additional 1/48th of the shares subject to the stock option will vest and become exercisable on each monthly anniversary of August 1, 2017 thereafter through and including August 1, 2020.